On September 26, KITA Group signed a Memorandum of Understanding (MoU) with China Railway No. 25 Group Co., Ltd. (a member of China Railway Construction Corporation). The signing ceremony took place within the framework of the high-level delegation of Hanoi City’s official visit and working trip to Guangzhou, China, and the Hanoi Investment, Trade and Tourism Promotion Conference held there.
Overview of the Hanoi Investment, Trade and Tourism Promotion Conference in China.
The Memorandum of Understanding reflects the two parties’ desire to cooperate in researching and developing urban infrastructure construction projects in Hanoi, particularly public transportation projects, housing developments, transport routes connecting Hanoi with neighboring provinces, as well as research, development, and implementation of energy infrastructure projects, with a total expected value of up to USD 10 billion. In the immediate phase, the two sides will cooperate in studying and developing a residential housing project in Hanoi with an estimated value of approximately USD 350 million.
It is known that China Railway Group Co., Ltd., under China Railway Construction Corporation, is among the world’s top 500 construction groups, with more than 20 subsidiaries and branches. Its annual construction revenue exceeds 100 billion yuan, equivalent to nearly USD 15 billion. The group’s overseas operations have expanded to more than 10 countries, including Belarus, Sri Lanka, Côte d’Ivoire, Russia, Bangladesh, the Philippines, Thailand, and Mexico.
China Railway No. 25 Group Corporation has the capability to undertake projects across the entire value chain, including research, investment, design, construction, management and supervision, as well as research and application of new scientific and technological solutions in various project components.
Established in 2014, KITA Group is a diversified development group, with real estate as its core business. The Group is headquartered in Ho Chi Minh City, with branches in Hanoi, Da Nang, and Can Tho, and a representative office in Guangzhou, China. KITA Group’s projects span from north to south, with a total land bank of more than 300 hectares, including prime locations in Hanoi, Ho Chi Minh City, Can Tho, Da Nang, and other major cities.
Sharing about the cooperation with China Railway Construction Group No. 25, a KITA Group representative stated: “With the orientation of developing high-quality and livable projects for customers, KITA Group always aims to become a leading real estate developer in Vietnam. Therefore, in seeking partners, we prioritize companies with experience, expertise, and strong reputations in both domestic and international markets. The selection of China Railway Construction Group No. 25 fully aligns with the criteria we have set. We hope that, through cooperation with China Railway Construction Group No. 25 in the near future, KITA Group will deliver products of outstanding quality to the market.”
This cooperation marks an important step in KITA Group’s ongoing efforts to promote, evaluate, and select international partners in building and developing its real estate ecosystem, delivering the highest service quality to customers and fulfilling its mission of creating premium projects in major cities and provinces.
